> That the banks all put in money to build a bunch of houses and then give them away for free?

Housing supply is a massive issue in Australia. This takes investment from developers to buy bulk land, subdivide, permit, build and then sell to families. Mom and pop don't do this...developers do. We need more of it and this is what the government is trying to help.

The government is trying to "grease the wheels" of this process by supporting investment to create more housing supply. I don't particularly support the current federal government but assuming they are plotting a corporate takeover is misguided.